Deepwater Asset Management
Minneapolis, Minnesota, United StatesFounded 2017
Deepwater Asset Management (formerly Loup Ventures) is a research-driven venture capital firm based in Minneapolis, investing in frontier technology across public and private markets. The firm focuses on areas including artificial intelligence, robotics, autonomous vehicles, and virtual/augmented reality.
33% of their portfolio is in Healthcare. Deal activity decreased year-over-year (1 deals in the last 12 months vs 3 prior). Their most common stage is seed (42% of deals). Average disclosed round size is $136.9M (across 9 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| IInvisible Technologies, Inc. | Unknown | $100M | Sep 2025 |
 Infinity Constellation | Series A | $17M | May 2025 |
 CTGT | Seed | $7.2M | Feb 2025 |
 Affineon | Seed | $5M | Feb 2025 |
 Redwood Materials | Series D | $1B | Aug 2023 |
 Xwing | Series B | $40M | Apr 2021 |
 Dash | Seed | $8M | Dec 2020 |
 Outrider | Seed | $53M | Feb 2020 |
 Neurable | Series A | — | Dec 2019 |
| Neurable | Seed | $2M | Dec 2016 |
 OneCarNow | Series A | — | — |
| OneCarNow | Pre-Seed | — | — |
Top Co-Investors
Backed VC2 shared
8VC2 shared
Benhamou Global Ventures1 shared
Anti Fund1 shared
Headwater Ventures1 shared
Green Park & Golf Ventures1 shared
Run Ventures1 shared
General Catalyst1 shared
Liquid 2 Ventures1 shared
Y Combinator1 shared
Gradient Ventures1 shared
Freestyle Capital1 shared
BY Venture Partners1 shared
Tusk Venture Partners1 shared
First Trust Capital Partners1 shared
Perot Jain1 shared
Lumia Capital1 shared
New Enterprise Associates1 shared
Schematic Ventures1 shared
Prologis1 shared
Last updated: 8 September 2026